The Latest

Italy's Intesa Sanpaolo Adds to List of Banks Shunning Papua LNG Project

Italy's largest banking group, Intesa Sanpaolo, is the latest in a list of banks unwilling to finance a $10 billion LNG project in Papua New Guinea being developed by France's TotalEnergies, Australia's Santos and the U.S.' Exxon Mobil.

BP Pledges Strategy Reset as Annual Profit Falls by a Third

BP CEO Murray Auchincloss pledged on Feb. 11 to fundamentally reset the company's strategy as it reported a 35% fall in annual profits, missing analysts' expectations.

PE Firm Hy24 Commits $50MM to StormFisher Hydrogen

The funding, made via Hy24’s Clean Hydrogen Infrastructure Fund, will go toward StormFisher Hydrogen’s efforts to produce clean fuel in North America.

Activist Elliott Builds Stake in Oil Major BP, Source Says

U.S.-based Elliott is seeking to boost shareholder value by urging BP to consider transformative measures, Bloomberg News reported Feb. 8.

The Aggregators: Avant’s Winning Formula to Deliver Returns

Avant Natural Resources buys small, sells big and is loving every minute of it.

VanLoh: US Energy Security Needs ‘Manhattan Project’ Intensity

Quantum Capital Group Founder and CEO Wil VanLoh says oil and gas investment, a modernized electric grid and critical minerals are needed to meet an all of the above energy strategy.

Rising Phoenix Capital Launches $20MM Mineral Fund

Rising Phoenix Capital said the La Plata Peak Income Fund focuses on acquiring producing royalty interests that provide consistent cash flow without drilling risk.

Infinium, Summit Carbon Solutions Join Forces to Advance Efuels

Infinium will supply up to 670,000 metric tons of CO2 to Summit Carbon at a eFuels facility.

Alliance Resource Partners Adds More Mineral Interests in 4Q

Alliance Resource Partners closed on $9.6 million in acquisitions in the fourth quarter, adding to a portfolio of nearly 70,000 net royalty acres that are majority centered in the Midland and Delaware basins.

McDermott Completes Project Offshore East Malaysia Ahead of Schedule

McDermott International replaced a gas lift riser and installed new equipment in water depth of 1,400 m for Thailand national oil company PTTEP.